Homewood, IL

Population

Homewood has a population of 19,375 people,
according to the Census data for 2016. Compared to 2010, this number has
increased by 52 people (0.3%), so we
can confidently say that the dynamics of
the population
growth are positive. If you compare the rate of population growth with the nearest cities, such
as Alsip or Mokena, you will find that these cities
have a
population growth of 119 and a growth of 629 people, respectively (0.6%
and 3.4% correspondingly)

Race and Ethnicity

Median Household Income

The Homewood median household income is $68,384 (according to the US Census Bureau records for 2016 ).
A household income is one of the easiest to understand statistical indicators that is used to evaluate the economy of the city.
Simply put, it is calculated by summarizing incomes of all adult members of the household.
In comparison with the data for year 2010, this figure has decreased by $1451 (2.1%).
Compared with the neighboring cities, the median household income in Homewood is lower than in Oak Forest ($69,866),
but greater than in Crete ($68,068).
The median household income in Illinois is $57,574 (15.8% lower than in Homewood)

Median Property Value

The median property value in Homewood is $165,800 (based on US Census Bureau data
for 2016).
This means that half of the houses in the city are more expensive than this figure, and half of other houses are less.
In 2010, the property value was estimated at $182,600 (making a decrease of $16,800 or 9.2% in 6 years).
Here is what the housing market looks like in nearby cities: median property price in Berwyn is
$169,700, in Crete — $165,300.
Median property value in Illinois is $173,800

Poverty Rate

A poverty rate is one of the key economic indicators. It shows the proportion of the population whose income
is less than the poverty line in the area. The lower the number is, the more prosperous the life of society is.
The current poverty rate in Homewood is 6.0%. In the neighboring cities,
this figure is as follows: in Evergreen Park, 6.1% of the
population live below the poverty line, in Oak Park — 5.9%.
The poverty rate in Illinois is 10.48%. Based on such indicators as the poverty rate, we assume that
life in Homewood is slightly better than the average for the state.

Median Gross Rent

The median gross rent in Homewood is $1,148 a month (as of 2016).
In 2010, this figure was lower — $984/mo
(-16.7%).
Please note, gross rent may include not only the rent payments, but also utility bills and some other building costs.
The median gross rent in the state of Illinois is lower at
$907 per month (again, data for 2016).
The following median gross rent was registered in the neighboring cities: renters in Matteson pay
$1,150/mo, in Markham — $1,132/mo.

Rent Burden

The rent burden in Homewood is 31.1% (2016).
Rent burden shows what proportion of the household income is spent on rental housing. This data is useful in estimating
the housing affordability in the city. Rent burden in Homewood is higher than in the state of Illinois,
where the rent burden is 30.3%. In neighboring cities, the situation is as follows:
rent burden is 31.3% in Lemont,
and in Hickory Hills — 31.0%.

Share of Renter-Occupied Housing

23.1% of housing units in Homewood are occupied by renters (2016).
A housing unit means a house, an apartment, a mobile home, a room or any other structure that is used for habitation.
In 2010, the share of renter-occupied housing units was lower — 16.8%.
It seems that now more people live in rented houses in Homewood than before.
Neighboring cities have the following shares of renter-occupied housing units: Thornton (23.3%), Crestwood (22.9%).

Renter Occupied Households

There are 1,395 renter occupied households in Homewood (2016).
This is just a rough estimation based on Census and ESRI demographic data. Since 2015, the number of such type of households has
increased by 2% (1,395 households
in 2016 vs. 1,370 in 2015).
Nearby cities have the following renter-occupied housing unit numbers: there are 1,422 households in Hazel Crest, 1,374 units in Munster.

Evictions

There were 33 evictions reported
in Homewood in 2016.
Here are how many evictions were made in nearby cities in 2016 : 34 evictions from housing were made in Summit, 32 in Lynwood.
Reasons for evictions can be different-code violations, violations of the terms of the lease, etc. But often the main reason is the failure to pay the rent on time. That is why a large
number of evictions (especially when there is a tendency to increase this number) may indicate a deterioration of the economy.

Eviction Filings

The total number of eviction cases that were registered in the Homewood in 2016 is 83.72.
Please note that some addresses may have multiple eviction cases during the year. Compared to the neighboring cities, Homewood has less eviction cases than Orland Park
(90.84 filings in 2016),
more eviction cases than Summit
(81.00 filings).

17948 Loomis Avenue George W Collar, Leslee Collar and two other residents. American Veteran Owned Company was registered at this address. Taliano James Jjr is associated with this address. Domain ownership info for James Taliano

17641 Ashland Avenue Nigel Peters is a resident. Five companies were registered at this address, including Autoport (michigan) Limited Company, Memphis Intermodal Terminal LLC. Keith E Creel is associated with this address. Illinois Central Railroad Company and Cn Worldwide Inc are licensees connected to this address

18220 Harwood Avenue Four companies were registered at this address, including North American Advisory Inc, Amerititle Inc. Mcdougall is associated with this address. Domain ownership info for Words&Pictures Inc

All Addresses

This is a list of addresses in Homewood with information about local companies or construction work going on there

Sources and Citations

This research uses data from The Eviction Lab at Princeton University, a project directed by Matthew Desmond and designed by Ashley Gromis, Lavar Edmonds, James Hendrickson, Katie
Krywokulski, Lillian Leung, and Adam Porton. The Eviction Lab is funded by the JPB, Gates, and Ford Foundations as well as the Chan Zuckerberg Initiative. More information is found at evictionlab.org

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